WASHINGTON (12/17/14, UPDATED 2:25 p.m. ET)--The Federal Open Market Committee left the words "considerable time" in its policy statement today, potentially signaling that the Federal Reserve may raise short-term interest rates later than currently anticipated.
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The intentions of the Federal Open Market Committee on when it plans to begin nudging up short-term interest rates may be revealed this afternoon when it releases its statement at the conclusion of its two-day policy meeting.